First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Price Up 0.1% – Should You Buy?

Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) rose 0.1% during trading on Thursday. The stock traded as high as $150.20 and last traded at $150.1950. Approximately 1,580 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 8,810 shares. The stock had previously closed at $150.00.

First Trust Indxx NextG ETF Trading Up 0.1%

The stock’s 50 day moving average price is $153.93 and its two-hundred day moving average price is $146.92. The firm has a market capitalization of $548.21 million, a PE ratio of 22.81 and a beta of 1.05.

First Trust Indxx NextG ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.6320 dividend. This represents a $2.53 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in First Trust Indxx NextG ETF during the third quarter worth $169,000. Sequoia Financial Advisors LLC acquired a new position in shares of First Trust Indxx NextG ETF in the second quarter worth $239,000. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Indxx NextG ETF in the second quarter worth $108,000. RFG Advisory LLC acquired a new position in shares of First Trust Indxx NextG ETF in the second quarter worth $221,000. Finally, Ameritas Advisory Services LLC lifted its position in shares of First Trust Indxx NextG ETF by 104.3% in the second quarter. Ameritas Advisory Services LLC now owns 5,234 shares of the company’s stock valued at $803,000 after acquiring an additional 2,672 shares in the last quarter.

First Trust Indxx NextG ETF Company Profile

The First Trust IndXX NextG ETF (NXTG) is an exchange-traded fund that is based on the Indxx 5G & NextG Thematic index. The fund tracks a tiered-weighted index of global equities related to next generation digital cellular technologies. NXTG was launched on Feb 17, 2011 and is managed by First Trust.